The Shanghai Containerized Freight Index (SCFI), published yesterday due to a holiday in China today, recorded further rate declines for Europe and the US, as market fundamentals continued to weaken.
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Alexandre de Juniac, director general and CEO of the International Air Transport Association, warns: “Trade tensions are weighing heavily on the entire #aircargo industry. Higher #tariffs are disrupting not only #transpacific supply chains but also worldwide #trade lanes."